How does one trigger an order on a separate chart with Grid Fusion?

whisquer

Forex Grad
Actually, I'm still having trouble understanding the difference between 'EXACT' and 'MINIMUM'.

If you look under "Trigger Type" - Exact and the definition in the thread above, you select EXACT if you want this instance to trade when the linked grid hits this exact number of trades. So for instance, if the 'Master' grid is on STANDALONE mode and has 4 open trades; and the 'Slave' or 'Linked' grid is set on LINKED at "Exact" to trigger open on Order #5 of the 'Master' grid then as I understand it, that's what it'll do - trigger an open trade when 'Master' grid hits #5.

However, in the definition above for 'MINIMUM' it says "if any number above this setting should also trigger the opening of new positions". This is the part I don't really get and woud be grateful for anyone to guide me (and put up with my dumb questions that follow). If, as in the example above, the 'Master' grid is currently at 4 open trades, and you have a 'MINIMUM' setting on the 'Linked' grid on "5", shouldn't the Linked grid open on trade #5 of the 'Master', just like in the EXACT example above?

What other factual circumstances or situations could exist to justify "any number above this setting should also trigger the opening of new positions"? As I read this, it seems to suggest that somehow when the Master grid is at Order #4, it could jump to Order #7 and therefore Linked grid should not be fussy and still open a trade when the Order #4 in Master jumps to Order #7 - but there's no way this is the right interpretation of the words and that scenario can't simply happen. So I really can't figure it out what circumstances would require 'exact' and what would require 'minimum' - would be so grateful if someone could help with clearly described examples - thank you.
 

Sharkman

Currently attending Forex kindergarden
I feel compelled to take this question ;)
(Partly to give something back to the community....partly because I had it myself and people here were so kind to help me out with it :))

However, in the definition above for 'MINIMUM' it says "if any number above this setting should also trigger the opening of new positions". This is the part I don't really get and woud be grateful for anyone to guide me (and put up with my dumb questions that follow). If, as in the example above, the 'Master' grid is currently at 4 open trades, and you have a 'MINIMUM' setting on the 'Linked' grid on "5", shouldn't the Linked grid open on trade #5 of the 'Master', just like in the EXACT example above?
What other factual circumstances or situations could exist to justify "any number above this setting should also trigger the opening of new positions"? As I read this, it seems to suggest that somehow when the Master grid is at Order #4, it could jump to Order #7 and therefore Linked grid should not be fussy and still open a trade when the Order #4 in Master jumps to Order #7 - but there's no way this is the right interpretation of the words and that scenario can't simply happen. So I really can't figure it out what circumstances would require 'exact' and what would require 'minimum' - would be so grateful if someone could help with clearly described examples - thank you.
That is correct, it will work the same as exact in this example. For you to see the difference, and WHY this is such a big thing, you actually have to run it...then you'll see. I think that you are having the same issue that I had...I was just looking only at that first trigger moment. But this setting is more geared towards the grids that have the reopening setting set to continue....so, what happens in real life with an "exact" linked grid is that once it closes its first cycle it will check with the stand alone grid....the chances that it is still at 5 are very small....so the linked grid will stop trading. And it will open a new order again, after the stand alone grid has closed its current grid, and then gotten back up to 5 open orders. The point here would be to reduce the risk...but this would take a long(er) time.

Now, a "minimum" linked grid...when it closes, it will check with the stand alone...and if the trend has continued building the grid (so let's say now the stand alone is at 7), it will just keep on opening cycles again and again and again until the stand alone grid closes completely (the exact would have been long closed by now, with no trades, no activity). The story here is that, the linked grid will (almost) always open at 15, 30, 45 pips difference than the stand alone grid...if the price really moves, then we're talking that the linked grid is 70, 85, 100 pips in difference to the stand alone grid....this boils down to, the linked grid will continue to be closer to the retracement point than the stand alone grid (it is essential you understand the previous statement to understand the whole idea behind linked grids in GF)....so while you wait for the stand alone to close, you are cashing in with the linked grid with much lower risk again and again and again...thus if you have it to minimum...it will do this continuously until the stand alone grid closes....and then you start all over again.

So in short:
  • EXACT: Most conservative approach
  • MINIMUM: It will open a LOT more orders with "reduced risk"
Does this make sense?
 
The easiest way to see how this is works is to open this set up in a demo:
  • 1 stand alone + 1 linked EXACT - trigger @ 2
  • 1 stand alone + 1 linked MINIMUM - trigger @ 2
By the end of the day, you will know exactly the point of this setting :)
...I would just add...maybe do it also in the other direction....to make sure you see the effect....sometimes you don't have the price action in one direction....but with 2, for sure (y)
 

whisquer

Forex Grad
I feel compelled to take this question ;)
(Partly to give something back to the community....partly because I had it myself and people here were so kind to help me out with it :))





That is correct, it will work the same as exact in this example. For you to see the difference, and WHY this is such a big thing, you actually have to run it...then you'll see. I think that you are having the same issue that I had...I was just looking only at that first trigger moment. But this setting is more geared towards the grids that have the reopening setting set to continue....so, what happens in real life with an "exact" linked grid is that once it closes its first cycle it will check with the stand alone grid....the chances that it is still at 5 are very small....so the linked grid will stop trading. And it will open a new order again, after the stand alone grid has closed its current grid, and then gotten back up to 5 open orders. The point here would be to reduce the risk...but this would take a long(er) time.

Now, a "minimum" linked grid...when it closes, it will check with the stand alone...and if the trend has continued building the grid (so let's say now the stand alone is at 7), it will just keep on opening cycles again and again and again until the stand alone grid closes completely (the exact would have been long closed by now, with no trades, no activity). The story here is that, the linked grid will (almost) always open at 15, 30, 45 pips difference than the stand alone grid...if the price really moves, then we're talking that the linked grid is 70, 85, 100 pips in difference to the stand alone grid....this boils down to, the linked grid will continue to be closer to the retracement point than the stand alone grid (it is essential you understand the previous statement to understand the whole idea behind linked grids in GF)....so while you wait for the stand alone to close, you are cashing in with the linked grid with much lower risk again and again and again...thus if you have it to minimum...it will do this continuously until the stand alone grid closes....and then you start all over again.

So in short:
  • EXACT: Most conservative approach
  • MINIMUM: It will open a LOT more orders with "reduced risk"
Does this make sense?
Thank you for taking the time, labour and consideration to write such a clear and detailed message. This is gold, and it is deeply appreciated!!
whisquer
 

Sharkman

Currently attending Forex kindergarden
Thank you for taking the time, labour and consideration to write such a clear and detailed message. This is gold, and it is deeply appreciated!!
whisquer
My pleasure @whisquer . I am very happy to be able to "pay it forward" by helping you :)
The help that I've gotten from this forum is waaaaay more than I could ask for, and if I can be a tiny part of it as well, then I feel I am doing my bit to keep the balance in the universe :)

Shoot any other questions you have!
I think I have gotten the hang of this GF by now (y)
 

whisquer

Forex Grad
My pleasure @whisquer . I am very happy to be able to "pay it forward" by helping you :)
The help that I've gotten from this forum is waaaaay more than I could ask for, and if I can be a tiny part of it as well, then I feel I am doing my bit to keep the balance in the universe :)

Shoot any other questions you have!
I think I have gotten the hang of this GF by now (y)
Many thanks and I thank you in advance for the offer - which I'm sure I'll be taking up on sooner rather than later :D

I've also tried to 'pay it forward' like you, with my post below. I know it's not a topic that many may care about, but I do feel like I have some war stories to tell, and I'll do a shameless plug here to see if I can get others interested lol!
 

whisquer

Forex Grad
My pleasure @whisquer . I am very happy to be able to "pay it forward" by helping you :)
The help that I've gotten from this forum is waaaaay more than I could ask for, and if I can be a tiny part of it as well, then I feel I am doing my bit to keep the balance in the universe :)

Shoot any other questions you have!
I think I have gotten the hang of this GF by now (y)
Hi - so assuming you have a EURUSD BUY Standalone and a secondary EURUSD BUY Linked (Minimum setting) Grid triggering on 4 orders; the trend has gone against you (going down fast). Basket is building on Standalone and triggers Linked (Minimum setting) grid with its 4th order on Standalone. Seeing that the trend is going well against you - would you:
(a) allow both the Standalone and Linked Grids to have 'Re-Open' set to yes?
(b) Turn off the Standalone re-open (so that when the basket closes, the grid goes to sleep), while leaving Linked Grid on Re-Open? (not sure why you would do that, but just putting it out there...)?
(c) Leave the Standalone re-open option to YES, while turning Linked Grid's Re-Open option off?
(d) Turn off the Re-Open options on both the Standalone and Linked Grids so that when they are done, they are done, while you fire off a SELL grid?
(e) Any other potential options?

Still trying to understand the best way to do this... thanks!!
 
Last edited:

Mike

Climbing the Trader's ladder
Hi - so assuming you have a EURUSD BUY Standalone and a secondary EURUSD BUY Linked (Minimum setting) Grid triggering on 4 orders; the trend has gone against you (going down fast). Basket is building on Standalone and triggers Linked (Minimum setting) grid with its 4th order on Standalone. Seeing that the trend is going well against you - would you:
(a) allow both the Standalone and Linked Grids to have 'Re-Open' set to yes?
(b) Turn off the Standalone re-open (so that when the basket closes, the grid goes to sleep), while leaving Linked Grid on Re-Open? (not sure why you would do that, but just putting it out there...)?
(c) Leave the Standalone re-open option to YES, while turning Linked Grid's Re-Open option off?
(d) Turn off the Re-Open options on both the Standalone and Linked Grids so that when they are done, they are done, while you fire off a SELL grid?
(e) Any other potential options?

Still trying to understand the best way to do this... thanks!!
Good question @whisquer

In short, I would say: you should never be making those decisions in the middle of the scenario you just sketched above.
You should already have a game plan for this situation. And like some here have said before, with GF you don't need to plan for the good case scenario, you only need to plan for the bad case scenario, and the bad case scenario will ALWAYS happen at some point...or at least that is how I would approach any grid trading set up.

So to answer your question, you need to first look at what you can afford, what are the funds/margin you have to trade.
So that should be your first question.
Then, ask yourself how would it look if I would have 15, 18, 23 open orders?
Here below I have a spreadsheet that does just that:

776

I'm running right now 0.01 increments so I will be referring to the right hand side of the sheet.
The gap spacing is 15 pips, and the sequence thus would be 0.01, 0.02, 0.03, etc.
If the trend would turn against me, and I would have 14 open orders at a gap of 15, I would be in the hole for aprox 2,500.
This of course is not taking into account any hedging you might do...that is a completely different discussion altogether and I believe that has been covered here in the forum already.
If in this scenario you would have a linked grid, that triggered at 5, this one would be 1,500 in the hole....so now you have 4,000 in total.
If you would have a third that opens on 5 from the first linked grid, you would add another 500 aprox, total 4,500.
If I would be running a 10k account, what I have seen in my experience, is that linked grids 1 & 2 will close 20 - 30 times (singles and baskets) by the time the stand alone grid closes. For me, this has been a very profitable approach BECAUSE I have the funds to defend it (plus another 10k in stand by just in case).
If you do this same exercise plugging in your particular situation, you should be able to answer all the above questions.

Hope it helps :) (y)
 

Cloverfield

Forex Intern
Hi - so assuming you have a EURUSD BUY Standalone and a secondary EURUSD BUY Linked (Minimum setting) Grid triggering on 4 orders; the trend has gone against you (going down fast). Basket is building on Standalone and triggers Linked (Minimum setting) grid with its 4th order on Standalone. Seeing that the trend is going well against you - would you:
(a) allow both the Standalone and Linked Grids to have 'Re-Open' set to yes?
(b) Turn off the Standalone re-open (so that when the basket closes, the grid goes to sleep), while leaving Linked Grid on Re-Open? (not sure why you would do that, but just putting it out there...)?
(c) Leave the Standalone re-open option to YES, while turning Linked Grid's Re-Open option off?
(d) Turn off the Re-Open options on both the Standalone and Linked Grids so that when they are done, they are done, while you fire off a SELL grid?
(e) Any other potential options?

Still trying to understand the best way to do this... thanks!!
With this set up (2 BUY grids) I would have a SELL stand alone grid with continuous reopen as well....especially on EURUSD which is either usually trading in a range...or if it does pop against you, it rarely goes off with the speed GOLD would for example....I always have plenty of time to hedge it...but what I have seen, it rarely goes off without a retracement that closes your grid. The highest I've gotten to so far was 16.....and by then I had already pumped up the gap spacing gradually to 20/22 pips...so I was down less than 2k...
EURUSD is THE pair when it comes to grids in my view.
 

Applepine

Forex Grad
Hi - so assuming you have a EURUSD BUY Standalone and a secondary EURUSD BUY Linked (Minimum setting) Grid triggering on 4 orders; the trend has gone against you (going down fast). Basket is building on Standalone and triggers Linked (Minimum setting) grid with its 4th order on Standalone. Seeing that the trend is going well against you - would you:
(a) allow both the Standalone and Linked Grids to have 'Re-Open' set to yes?
(b) Turn off the Standalone re-open (so that when the basket closes, the grid goes to sleep), while leaving Linked Grid on Re-Open? (not sure why you would do that, but just putting it out there...)?
(c) Leave the Standalone re-open option to YES, while turning Linked Grid's Re-Open option off?
(d) Turn off the Re-Open options on both the Standalone and Linked Grids so that when they are done, they are done, while you fire off a SELL grid?
(e) Any other potential options?

Still trying to understand the best way to do this... thanks!!
(a) allow both the Standalone and Linked Grids to have 'Re-Open' set to yes?

If it's on EURUSD, I would leave them open.

Great explanation @Mike , love the excel sheet idea!
 

whisquer

Forex Grad
Good question @whisquer

In short, I would say: you should never be making those decisions in the middle of the scenario you just sketched above.
You should already have a game plan for this situation. And like some here have said before, with GF you don't need to plan for the good case scenario, you only need to plan for the bad case scenario, and the bad case scenario will ALWAYS happen at some point...or at least that is how I would approach any grid trading set up.

So to answer your question, you need to first look at what you can afford, what are the funds/margin you have to trade.
So that should be your first question.
Then, ask yourself how would it look if I would have 15, 18, 23 open orders?
Here below I have a spreadsheet that does just that:

View attachment 776

I'm running right now 0.01 increments so I will be referring to the right hand side of the sheet.
The gap spacing is 15 pips, and the sequence thus would be 0.01, 0.02, 0.03, etc.
If the trend would turn against me, and I would have 14 open orders at a gap of 15, I would be in the hole for aprox 2,500.
This of course is not taking into account any hedging you might do...that is a completely different discussion altogether and I believe that has been covered here in the forum already.
If in this scenario you would have a linked grid, that triggered at 5, this one would be 1,500 in the hole....so now you have 4,000 in total.
If you would have a third that opens on 5 from the first linked grid, you would add another 500 aprox, total 4,500.
If I would be running a 10k account, what I have seen in my experience, is that linked grids 1 & 2 will close 20 - 30 times (singles and baskets) by the time the stand alone grid closes. For me, this has been a very profitable approach BECAUSE I have the funds to defend it (plus another 10k in stand by just in case).
If you do this same exercise plugging in your particular situation, you should be able to answer all the above questions.

Hope it helps :)(y)
Thank you so much Mike, this provides clarity and comfort; and exactly what I was looking for. My backtesting was going nowhere - and as others have mentioned, in reality we'd be adjusting / stretching the pips steps should the trend go against us (as well as timeframe possibly). Super appreciated!! :love::love:
 
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